Insight

by Einar Gamman, Senior Partner In a series of blogs, our senior partner, Einar Gamman explores the industry’s hot topics – the burning questions we need to address to guarantee the oil and gas sector doesn’t just survive but thrives. Einar discusses the importance of...

WellConnection Group, a leading Norwegian inspection, maintenance and repair (IMR) company has acquired Peterhead-based Independent Oilfield Services (IOS) in a deal which marks their entrance into the UK market. WellConnection Group with bases in Stavanger, Mongstad and Hammerfest in Norway have made a strategic investment...

How do you attract capital? More importantly, how do you attract the right capital for successful growth? EV PE Investment Director Espen Strøm has eight key questions you should consider if you want to successfully secure the best growth capital investor for your business. How...

EV Private Equity backed Halfwave, which has developed innovative and cost-effective in-line inspection technology for the oil and gas pipelines, has been awarded two new inspections by Woodside Energy in Australia. The awards have been made as part of a Master Services Agreement (MSA). Woodside is an...

Oil exploration and production (E&P) firms that are trying to reduce the number of suppliers they deal with are taking a “schizophrenic” approach to business, a Norwegian investment expert said. Operators can be blinded by the apparent financial and time-saving benefits of only having to speak...

Bluware, a global leader in high-performance Platform-as-a-Service computing innovation, is pleased to announce a round of funding led by EV Private Equity (EV). The transaction also includes contributions from Shell Ventures, while EV’s Senior Partner Per Arne Jensen joins the team as Chairman of the...

Aquaterra Energy, an offshore engineering solutions provider, has been selected by Equinor to deliver early well construction operations, using its Well Start solution, on the Johan Sverdrup field, offshore Norway. Aquaterra said on Tuesday that Equinor required a comprehensive solution for pre-drilling operations and a...

Technology business secures investment for global growth Fresh investment of $5m+ underpins growth strategy and technology development New management team focused on delivering value for customers Early success with significant Middle East NOC contract An Aberdeen-headquartered casing and completion technology business has secured new...

ABERDEEN — Aquaterra Energy, has completed the delivery of a Sea Swift conductor supported platform (CSP) for DeNovo Energy in the Gulf of Paria, offshore Trinidad and Tobago. This is the first platform of its kind to be installed in the country, and was completed...

Abrado announced that it has completed the first well in a multi-well P&A campaign for an independent GOM operator, using its proprietary Medusa expandable casing section-milling technology. Work on the multi-well campaign for the GOM operator began in January 2018. The scope of work included dual-string casing-section...

Enpro Subsea has secured investment from EV Private Equity (EV) to grow its production optimisation business into new and existing international markets and further develop the range of production optimisation and intervention technologies. The Aberdeen-headquartered subsea company has grown its product portfolio and client base...

Halfwave has been awarded a contract to design and build 48” ART Scan® in-line inspection tools for Nord Stream 2. The ART Scan® tools will be used to inspect the 48” twin gas pipelines in the Nord Stream 2 project. The length of each of...

Ashmin, founded in 2003 by Doc Gunther, a respected engineer of downhole drilling tools, announced the completion of an investment of $15,000,000 from EV Private Equity into Ashmin and its sister company Workover Solutions. The funds will be primarily used to accelerate broad commercialization of...

Halfwave is pleased to announce the award by INPEX Australia of a long-term contract for multiple in-line inspections. The scope of work includes a custom built 42” Acoustic Resonance Technology (ART) Scan™ by Halfwave to inspect the subsea pipeline that requires a low flow subsea...

Aquaterra Energy, a leading global offshore engineering solutions provider, has secured a multi-million pound investment from EV Private Equity as the company gears up for service expansion and new technology launches. The deal is the first to be agreed following EV’s pledge last year to...

26th April 2017, Church Crookham, UK – Fotech Solutions, the linear asset technology monitoring specialist, has been named as a founder member of the Fiber Optic Sensing Association (FOSA), a new trade association dedicated to educating the industry, government and public on the benefits of...

RGU students take on the dragons MBA students from Robert Gordon University’s (RGU) Aberdeen Business School faced their own set of “dragons” when they took part in an Investment Den exercise supported by Energy Ventures and Simmons and Co. Over the course of two days...

ABERDEEN — Zilift has achieved more than one year’s production from its TorqueDrive (TD) technology in a cyclic steam operated, previously sub economic, well in California. The achievement further underpins the company’s position as a leading energy sector developer of electrical submersible pumps based on...

SageRider, Incorporated is pleased to announce the acquisition of a majority interest in Texproil S.R.L. Argentina. This acquisition will allow SageRider to expand its presence and product offerings in South America, while adding to its overall manufacturing capabilities. Texproil designs, manufactures, and installs a wide...

Read Well Services Holding AS, a portfolio company of Energy Ventures III LP and Viking Venture III, funds managed by Energy Ventures III AS and Viking Venture AS, has signed an agreement to sell their shareholding in READ Cased Hole Ltd (“RCH”) ...

ABERDEEN, Scotland — Zilift, a developer of permanent magnet technologies for artificial lift applications, has achieved a world first in the installation, operation and retrieval of a slim-line cable deployed electrical submersible pump (ESP), under live well conditions. The installation of an ESP, deployable through...

7 December, 2016 Promotion We are pleased to announce the promotion of Matt Anstead from Investment Director to Partner. Throughout his time with Energy Ventures Matt has proven to be an exceptionally effective and knowledgeable member of our team. We congratulate Matt on...

North Sea Decommissioning Forecast to Blossom After Yme Removal AllSeas recent successful removal of the Yme platform was the first job completed by the Pioneering Spirit – demonstrating that the world’s first single lift vessel (SLV) was back on track after a spate of recent...

Issue date: 3 November 2016 Energy Ventures earmarks $200 million for investment in North Sea businesses Independent private equity firm Energy Ventures has earmarked US $200 million to help boost North Sea businesses during challenging times for the oil and gas industry. The organization is...

Aberdeen-based production and integrity evaluation specialist READ Cased Hole (READ) has expanded its senior management team and appointed Gavin Lindsay as Global Business Development Manager. Following a number of successful contract wins and new technology launch earlier this year, READ made a decision that it...

Casing and completion tool specialist Deep Casing Tools has continued its Middle East expansion with a successful deployment of its unique drillable turbine technology in Iraq. The company’s 7” Turbocaser Express™ high-speed reaming system was deployed recently for a client who had experienced previous liner...

Energy Software Intelligence Analytics (“ESIA”), a provider of strategic business intelligence and market research services is pleased to announce the appointment of Douglas Montgomery as a non-executive director. Mr Montgomery was formerly global head of sales and an executive director for Wood Mackenzie. He worked...

Energy Ventures Private Equity portfolio company sells property at Mongstad Energy Ventures Private Equity today announced the sale of a property at Mongstad consisting of 77.000 m2 land incl. production facilities to Mongstad Administrasjon AS (a company controlled by EQT Infrastructure fund) for an undisclosed...

Sugar Land, TX (May 17, 2016) — Wireless Seismic, Inc., the leading innovator of real-time and cable-free seismic data acquisition systems for the oil and gas industry, announced today the sale and delivery of its RT System 2 seismic data acquisition system to the Japanese...

In recent years, the economic viability of numerous offshore projects has been questioned due to a relentless rise in Capex and Opex. The prolonged low oil price has placed additional pressure on operator budgets – resulting in deferred sanctioning and in some cases, cancellations of...

HOUSTON — ProSep is to supply four ProMix units to a national oil company based in the Middle East, the company said Tuesday. “The ProMix technology generates homogeneous and moderate shear force to the dispersed phase across the cross section of the main flow, providing...

We have strengthened our management team with a new Chairman of the Board – Einar Gamman. Einar has 28 years of industry experience and oversees the Energy Ventures Advisory Board. Mr. Gamman has held senior management positions in Tentech International, ABB Offshore and Smedvig Offshore. Click here...

Sugar Land, TX (May 10, 2016) — Wireless Seismic, Inc., the leading innovator of real-time and cable-free seismic data acquisition systems for the oil and gas industry, announced today the sale and delivery of its RT System 2 seismic data acquisition system to the French seismic data acquisition company GALLEGO TECHNIC...

On 4th of May REP published its seventh annual ‘State of Exploration’ report, which benchmarks the performance of international conventional oil and gas exploration. The report has grown to become one of the definitive global benchmarks in the E&P sector. In a world awash with...

Deep Casing Tools has expanded its business with successful first deployment of a Turbocaser Express in Kazakhstan. Deep Casing Tools’ reaming and unique drillable turbine technology provides significant time and cost savings when compared to conventional methods. With the ability to ream while running in,...

GeoTeric has announced the release of GeoTeric® 2016 incorporating faster performance, improved usability and new technology. With the 2016 release, GeoTeric has introduced a completely new file format, specifically designed to address the issues of processing and visualisation of large post-stack seismic volumes. This has...

Richmond Energy Partners’ report analyses international conventional exploration performance in 2015 and over a five-year exploration cycle, together with 2016 exploration drilling plans. A group of 40 large to mid-sized E&P companies are used as a benchmark peer group. For more information on this report or...

Last week, Phil Williams from our Business Development team was part of the Scottish Development International Trade Mission to China. Part of this mission was to exhibit PanGeo at the Scottish Pavilion Trade Stand at the China International Petroleum and Petrochemical Technology and Equipment Exhibition...

Hannon Westwood anticipates that the UK 29th Frontier Licensing will open shortly with the deadline for applications likely to be six months from announcement and the acreage should be awarded in 1Q17. For the UK 29th Frontier Licensing Round Screening Study, Hannon Westwood has looked...

Our Online Training Series offers you the chance to sign up for exclusive GeoTeric training. The training is taught by one of our in-house Geoscientists. Each session lasts an approximate 30 minutes and guides you through the essential Cognitive Interpretation workflows in GeoTeric. Each session is scheduled twice...

Terrorism continues to affect the Middle Eastern Oil & Gas industry and therefore it has never been more important for operators to deploy tried-and-tested technologies to protect their assets The Oil & Gas industry has faced an increasingly dangerous threat from terrorism over the past...

Investors of Aberdeen-based well intervention specialist READ Cased Hole welcome continued growth of their portfolio company as it takes its latest logging technology, ZeroTime to launch at the SPE ICoTA Coiled Tubing and Well Intervention Conference & Exhibition in Houston this week. Despite difficult market...

A year ago, Douglas-Westwood (DW) commented that E&P companies within West Africa were focusing reduced Capex plans on high-quality deepwater assets in the region. At the time, Brent crude was rebounding towards a mid-2015 peak of over $60 per barrel. However, in the months since...

Join us in April 2016 to celebrate our 10th Annual Technology Forum. Taking place at 170 Queens Gate, London, the GeoTeric Annual Technology Forum is your chance to hear exclusive announcements of software developments, as well as key speakers and the plans for GeoTeric over...

Church Crookham, UK, 15th March 2016 – Fotech Solutions, the linear asset monitoring technology specialist, will be exhibiting at the ninth annual Pipeline Integrity Management Summit on 15th-17th March in Berlin, Germany. At the show, Fotech will be showcasing its sophisticated LivePIPE® pipeline monitoring solution....

Silicon Valley and “Technology Investing” seem to be synonymous in the public mind today. But dive deeper and one finds a much richer variety of technology investing with smaller hubs focused on different industry sectors. Each of these industries is disparate and has its own...

Andrew Vinall, Technical Director at Hannon Westwood will be giving a presentation titled “The UK’s Future Potential in Global Deal Flow” at 11.25 on Tuesday 1st March at APPEX Global. Andrew will review deal flow in the UK over the past 5 years and assess its...

The amount of produced water increases as an oil field matures. While the worldwide average for water cut is around 75%, for some reservoirs it may increase to 98%. Managing the increasing volume of produced water is one of the main challenges the petroleum industry...

Wireless Seismic recently secured $5 million in their capital raise. This will go toward growing and continuing to revolutionize data acquisition with their real-time, cable-free systems. Click here to read more.

Next week, the SPE Hydraulic Fracturing Technology Conference kicks off in The Woodlands, Texas. In attendance will be Fotech Solutions to demonstrate their revolutionary sensing technology, the Helios DAS. Click here to read more.

PanGeo Subsea will be attending Oceanology International 2016. The world’s premier event for marine science and ocean technology, March 15th to 17th in London. Visit us at the Atlantic Canadian Pavilion. Booth number coming soon.

2015: UK delivers quality, Norway provides quantity A year on since the oil price collapse and the effects are making themselves felt across NW Europe, particularly in the UK and Norwegian sectors. The count of E&A well spuds in the UK is an all-time low,...

Join us in April 2016 to celebrate our 10th Annual Technology Day. Taking place at 170 Queens Gate, London, the GeoTeric Annual Technology Day is your chance to hear exclusive announcements of software developments, as well as key speakers and the plans for GeoTeric over...

Using a next generation solids removal system for cost efficient plugging & abandonment operations A large number of oil and gas assets in the North Sea are coming to the end of their design life expectancy and need to be decommissioned safely, securely and...

EDrill-2 departed COSCO Shipyard on 29th November after pre-mobilization inspections and third party equipment installation to arrive at the Gulf of Mottoma location on 21st December. The rig has safely and successfully completed it’s mooring system field tests and heavy lifting operations with the DES set...

FourPhase has recently been awarded a contract from Baker Hughes Azerbaijan for delivering their next generation surface solids removal system – DualFlow. FourPhase provides patented continuous production and solids removal systems. The cyclonic separation technology engineered by FourPhase has already been successfully field proven in...

Energy Software Intelligence Analytics is pleased to announce the completion of the acquisition of Douglas Westwood Limited. The acquisition of Douglas Westwood represents ESIA’s next step in delivering a growth strategy for the company that includes a mix of new product development and acquisitions. ESIA’s...

Deep Casing Tools has been awarded a multi tool order in excess of $4.7m for deployment in the Middle East. The order is the largest ever secured by the company. Deep Casing Tools provides drillable turbine tools which enable casing and completions to be landed...

Aberdeen-based production and integrity evaluation specialist READ Cased Hole (READ) has been awarded a cased hole logging contract by Hess Denmark ApS, a wholly owned subsidiary of Hess Corporation and one of the world’s leading independent oil and gas companies. The framework contract appoints READ...

Aberdeen-based production and integrity evaluation specialist READ Cased Hole (READ), announced today that it has been awarded a multi-million pound contract by Danish energy giant, Maersk Olie og Gas A/S, which is part of the multinational Maersk Oil energy company, and the A.P.Moller-Maersk Group. The...

Meta Downhole Ltd (Meta) will be showcasing its MorphPacker range at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) from the 9th to the 12th of November 2015. Middle Eastern Operators are faced with new challenges in extracting ‘new’ oil and gas from much...

Meta Downhole Ltd’s (Meta’s), MorphPacker products have been shortlisted for the Energy Institute’s Technology Awards. Winners will be announced at a ceremony taking place in London on 12 November 2015. The awards recognise the value of energy to society and celebrate the energy industry and...

SUGAR LAND, TX (October 15, 2015) — Wireless Seismic, Inc., the leading innovator of real-time and cable-free seismic data acquisition systems for the oil and gas industry, announced today the sale and delivery of its RT System 2 seismic data acquisition system to the Singapore-based...

SUGAR LAND, TX (October 12, 2015) — Wireless Seismic, Inc., the leading innovator of real-time and cable-free seismic data acquisition systems for the oil and gas industry, announced today the sale and delivery of its RT System 2 seismic data acquisition system to the Indonesian...

Well isolation specialist, Meta Downhole Ltd (Meta), has been shortlisted for the 2015 World Oil Awards. The awards, which honour the upstream energy segment’s leading innovators and innovations, will take place in Houston on 15 October. Meta’s Liner Hanger technology has been nominated for Best...

ProSep, the oil, gas, and water treatment specialist, has signed a collaboration agreement with Generon IGS, an industry-leading provider of comprehensive gas separation and compression solutions, to develop and commercialize a state-of-the-art line of CO2 separation membrane products. Click here to read the full article.

Wireless Seismic, Inc., the leading innovator of real-time and cable-free seismic data acquisition systems for the oil and gas industry, announced today the sale and delivery of its RT System 2 seismic data acquisition system to the Chinese seismic contractor, SINOPEC Geophysical Corporation (SGC), following...

Ziebel AS was recently featured in an article online for PennEnergy. The article focused on Ziebel’s successful completion of a distributed fiber optic sensing campaign for Statoil, using Z-Line. Z-Line is its new gravity-deployed carbon composite cable. Click here to read the full article.

Energy Ventures Private Equity (“EVPE”) announced today the establishment of WellConnection Group as the leading provider of inspection, maintenance and repair services (“IMR”) for drilling and subsea equipment on the Norwegian Continental Shelf. WellConnection Group has been formed from the acquisitions of Eurotechnology InCon AS,...

The release today of GeoTeric 2015.3 marks another major step in the evolution of Cognitive Interpretation. With the advancement of broadband seismic, there is a growing need for high resolution analysis techniques that are compatible with the complex waveforms of broadband data. With the 2015.3...

Energy Ventures, an independent private equity firm focusing on innovative upstream technology companies with strong growth potential, announced the addition of Campos Basin managerial and E&P Executive Management veteran, Jose’ Formigli to the firm’s Advisory Board. With more than three decades of experience in the...

Hicor Technologies was recently featured in an article for the Houston Business Journal. The article focused on Hicor’s Series B close. According to the article, the round was led by Norway-based Statoil ASA (NYSE: STO) and the money will help the company move towards field testing,...

Hannon Westwood was recently featured in Upstream, The International Oil & Gas Newspaper in their online news sections. The article focused on Hannon Westwood’s recent purchase of Novas Consulting. Click here to read the full article.

In a recent article for Offshore Technology, it was announced that BOEM has awarded the first geological and geophysical exploration permit for the offshore US east coast to ARKeX. ARKeX president Jim White was quoted in the article, “The data will contribute to the positioning...

Deep Casing Tools was recently featured in Oil & Gas Technology for their Upstream News section. The article focused on the increasing demand for their casing and completion technlogy products. Click here to read the full article.

Two Robert Gordon University (RGU) scholars have been recognised for their expertise with the award of the Energy Ventures Prize. Chris Porteous and Stuart Cooper, who graduated on July 14th from RGU with first class BA (Hons) degrees in International Business Management and Management respectively,...

HOUSTON, TX – July 14, 2015 – Today, Hicor Technologies, Inc. announced that it has closed its Series B financing round, which continues the funding of its development and commercialization efforts. The most recent funding was led by Statoil Technology Invest and also supported by...

As an industry, billions are spent on acquiring and processing the best quality seismic data possible, in order to make informed decisions when drilling wells and producing oil and gas. With the vast quantities of data generated, it is easy for interpreters to get into...

FourPhase was featured recently in an article for OilVoice on their new approach to topside solids management. The article focused on FourPhase’s patented cyclone desanding technology, the DualFlow cyclone unit. Click here to read the full article.

Ziebel AS was recently featured in Oil and Gas Financial Journal. The article focused on Ziebel’s recent completion of the largest collection and transfer of data in the oil and gas industry. The collection, carried out on behalf of major operator on wells in the...

Downhole isolation specialist, Meta Downhole Ltd (Meta), is celebrating after being shortlisted for the Commitment to Innovative Use of R&D award in the Northern Star Business Awards. The nomination was for the development of its liner hanger and packer products. The award recognises companies that...

Mick Lambert, president and CEO of Wireless Seismic Inc., chats with OilOnline.com about his career, the future of seismic innovation, and surviving the current downturn. Click here to read the full article.

Hicor Technologies was recently featured in the News section of Rigzone. The article focuses on Hicor’s compressor technology planned for field tests in 2016 and on how Hicor “defines a new category” in compressor technology. Click here to read the full article.

In 2015, ProSep celebrates 10 years providing the oil and gas industry with innovative oil, gas, and produced water separation solutions. From its beginning in June 2005, ProSep continues to be an industry-leading provider. Click here to learn more and download ProSep’s case study and...

Energy Ventures partner Shantanu Agarwal was recently a featured panelist at the private equity panel discussion for the ACG Luncheon held at The Houstonian on April 14th. Entitled “Managing Portfolio Companies: When Tailwinds turn into Headwinds,” the event focused on the changing investment landscape in a...

A Message from Energy Ventures – April Newsletter Welcome to the latest Energy Ventures newsletter. As co-managing partners, we would like to take this opportunity to update you on recent achievements. As we close the first quarter of 2015, we are pleased to launch into the new year with...

Acoustic Zoom was recently featured on the cover and in the accompanying article for the April edition of Marine Technology Reporter. The article addresses the need for additional energy resources and the gradual turn to offshore resources to meet those needs. The article highlights Acoustic...

Fotech Solutions will be sharing insights on In-Well monitoring at Shale World UK 2015 April 15-16 in Birmingham. As part of the technical portion of the programme, Fotech will be demonstrating how its Distributed Acoustic Sensing (DAS) can deliver significant safety and efficiency enhancements for shale...

Hicor Technologies, Inc. hosted a Technology Preview event for a select group of industry attendees on March 31, 2015. The event, which took place at Hicor’s corporate office in Houston, included management presentations and a tour of Hicor’s state-of-the-art technology lab. Guests were given a...

Meta recently authored an article for Oilfield Technology that highlights how a proactive approach to well planning by integrating systems such as the company’s Casing Reconnect can help operators look forward to life of well integrity. Read the full article below. “The Use of Metalmorphology®technology with No ID restrictions...

Energy Ventures senior partner and Houston president Jim Sledzik was recently a featured panelist at the inaugural TIE Houston (The Indus Entrepreneurs) Energy Special Interest Group event. Entitled “Innovating in the Oil and Gas Industry: Opportunities for Entrepreneurs”, the event focused on how entrepreneurialism can spark innovative breakthroughs during difficult...

Energy Ventures senior partner and Houston office president Jim Sledzik recently presented at the 5th Annual Norwegian Finance Day, held at the Federal Reserve Bank in Houston. Hosted by the Royal Norwegian Consulate, the event included an update on the market situation in the US, with...

Oil Search Limited and Wireless Seismic, Inc. announced today that in December 2014, following seven months on continuous operations, Asian Oilfield Services Limited (ASIAN) has completed a large 3D seismic survey over the Taza Block in the Kurdistan Region of Iraq using Wireless Seismic’s real-time, radio-based RT System...

Houston-headquartered ProSep, the oil, gas and water treatment specialist, has launched an Industry Technology Facilitator (ITF) joint industry project (JIP) with Qatar Petroleum and Petroleum Development Oman. The 12 month project, which commenced in December 2014, will see ProSep work collaboratively with both parties in the Middle...

Energy Ventures, an independent private equity firm focusing on innovative upstream technology companies with strong growth potential, announced the addition of its newest senior partners, Rune Jensen and Per Arne Jensen. In their roles, both partners will provide strategic input to the firm’s current portfolio...

Energy Ventures investment director Kristian Lier, ProSep CEO Neil Poxon and CFO Mahesh Konduru joined Graeme Lewis of Air Energi in a rountable discussion centered on the falling oil price and its effect on producers, operators and service companies. Click here to read.

Ziebel was recently featured in the January issue of the Journal of Petroleum Technology. The article addresses some of the new intervention applications enabled by Distributed Fiber Optic technologies. The article highlights how Ziebel’s carbon rod can perform real-time stimulation monitoring treatments bull-headed from surface, particularly...

Deep Casing Tools has established a new branch office in the Jebel Ali Free Zone (JAFZA) area in the United Arab Emirates. Local sales and operational services have contributed to the company’s success and the establishment of a new regional base underpins the commitment to new...

DWC AS has officially changed its name to FourPhase AS. The impetus behind the name change is clear: the oil and gas industry has three well known phases – oil, gas and water. FourPhase focuses on the fourth phase – solids – where they have proven expertise...

Energy Ventures, a private equity firm dedicated to funding high-growth E&P technology companies, has successfully sold 2TD to Nabors Industries, one of the industry’s leading service companies, for $40 million USD. This sale marks the firm’s 17th successful exit from an investment portfolio that consists...

In a report issued by Lux Research, Energy Ventures has been named the “most prolific investor in E&P technology”. The report cites that new exploration and production technologies have attracted $7 billion in funding since 2003 and this activity is expected to increase as companies look...

ARKeX, the geophysical services provider, have commenced an airborne Full Tensor Gravity Gradiometry (FTG) survey for Savannah Petroleum, the Niger focused oil & gas company, over its R1/R2 license. The survey covers the blocks in the Agadem rift basin of South East Niger. During 2009-13...

Zilift and Magnomatics have signed an exclusive licensing deal for artificial lift applications in the oil and gas industry. The agreement provides Zilift with exclusive access to Magnomatics’ magnet technologies across the whole downhole oil and gas sector. As a result of previous collaborations, the firms...

Fotech Solutions, the linear asset monitoring technology specialists, will be exhibiting at Shale Gas World Europe on 25th-26th November in Warsaw, Poland. Fotech will be presenting how its Distributed Acoustic Sensing (DAS) technology can help enhance the safety and efficiency of shale gas production for Oil...

Aberdeen-based production and integrity evaluation specialist READ Cased Hole is expanding its footprint in the international oil and gas sector through an ambitious strategy to deliver significant growth and develop innovative new solutions for its customers. The company, with a current workforce of over 40,...

Asian Oilfield Services Limited (ASIAN) and Wireless Seismic, Inc. announced today that over the past six months, ASIAN has continuously operated a large-scale seismic crew that has deployed over 13,000 channels of Wireless Seismic’s radio-based RT System 2 seismic data acquisition system on the Taza project in...

Meta’s patented Metalmorphology technology has scooped its third Innovation Award for the year. The latest win was at the Oil & Gas UK awards, which follows winning the business excellence and the Africa oil and gas awards for Innovation. Over the past couple of years...

LGO has announced that it has agreed to acquire a license to a Full-Tensor Gravity Gradiometry (“FTG”) airborne survey in Trinidad as a multi-client survey by ARKeX. LGO has been a major promoter of the FTG survey concept and believes the use of high resolution, high bandwidth gravity gradiometry data...

DeepFlex is proud to announce that RPSEA has awarded Phase 3 of their “Qualification of Flexible Fiber-Reinforced Pipe for 10,000-Foot Water Depths” project. Phase 3 of the project – Field Development Supply – includes field specific engineering, fabrication, delivery, deployment and operations of the actual...

In recognition of its growing user base, ffA has formed a GeoTeric Research and Development Consortium that brings together technology focused E&P companies to guide the on-going development of the software. The foundation members of the consortium include Centrica Energy Norway, Lundin Norge, VNG Norge...

The Houston Chronicle recently featured an article on Wireless Seismic entitled “Wireless system could shake up seismic industry”. The article highlights the company’s method that allows seismic sensors to transmit information in real time, vastly simplifying and speeding up the process of data collection. Click here...

Meta’s unique downhole isolation technology, Metalmorphology, and its suite of well isolation products continue to gain recognition in the marketplace. The company recently won the Innovation of the Year Award at the 2014 Africa Oil & Gas Awards. The award recognises the contribution that Meta’s...

Wireless Seismic, Inc. today announced the addition of a robust Hybrid Radio Telemetry system to its market-leading RT System 2 real-time wireless seismic data acquisition system. The Hybrid Radio Telemetry system enables your seismic data acquisition project to continue, uninterrupted, even if radio connectivity is...

There has been a lot of activity in an around our firm and, as co-managing partners, we would like to take this opportunity to update you on recent achievements. We are pleased to start things off on a very high note by announcing that Energy...

Zilift Ltd. has made further investment into assembly line equipment and is increasing staff numbers in both its UK and US bases in response to early demand for the technology firm’s TorqueDrive™ innovation. Substantial product orders have been made by a major Californian heavy-oil operator,...

Senior Partner and Houston office President Jim Sledzik delivered the morning keynote presentation during the 12th Annual Rice Alliance Energy and Clean Technology Venture Forum. His presentation centered on how a person’s background and experiences dictate their belief systems, particularly as they relate to predictions about...

Houston headquartered oil, gas and water treatment specialist, ProSep has appointed a General Manger for the Middle East as it plans for significant growth in the region. Ryan McPherson joins the company from the Industry Technology Facilitator (ITF), where he has been Regional Director for...

Abrado Wellbore Services will be exhibiting at the SPE Deepwater Drilling Conference taking place in Galveston, TX on September 10th and 11th. Visit Abrado in booth #205 to learn more about how their portfolio of tools, chemicals and engineering services is helping customers overcome the challenges...

ARKeX, the geophysical services provider, has added a new De Havilland Twin Otter aircraft to its fleet of Full Tensor Gravity Gradiometry (FTG) survey aircraft. Now ARKeX’s entire fleet is made up of twin engine aircraft. “The delivery of this aircraft is important to ARKeX...

Digital rock physics lab Ingrain will be exhibiting at the 2014 Unconventional Resources Technology Conference being held in Denver, CO from August 25-27. Tuesday, August 26: Learn more about Ingrain as Halcon Resources presents a technical paper featuring Ingrain data. Dr. Joel Walls will be...

Houston-based oil, gas and water process separation specialist, ProSep, has been awarded a contract to supply of one of its patented ProSalt units to Saudi Aramco in the Arab Gulf region. The 20″ ProSalt™ wash water injection and mixing system will be installed at an onshore facility and will...

ffA recently introduced a compelling case study at the 2014 EAGE conference in Amsterdam in conjunction with SASOL. This study attempts to gain a better insight into the controls on an under-saturated gas discovery, offshore Mozambique, using Geological Expression techniques such as High Definition Frequency Decomposition (HDFD) and...

Energy Ventures portfolio company DeepFlex has partnered with Offshore Inland to build a manufacturing plant at the Port of Pensacola that is slated to create 200 jobs and bring $52 million in capital investment to the city. The facilities will make use of 3.5 acres of...

Meta has been crowned the winners of innovation at the 2014 Grampain Awards for Business Excellence. The Aberdeen-based awards acknowledge entrepreneurial companies and individuals that are capable of leading the future prosperity of Grampian. Meta was recognised for its Metalmorphology innovation; the disruptive technology that has redefined what...

Houston headquartered oil, gas and water treatment specialist, ProSep has launched a new manufacturing service for third party clients at its purpose-built fabrication facility on Clara Road. ProSep has the capability to construct large structural fabrications, vessels and piping spools, as well as being able...

ffA announced the signing of a multi-year Technical Assistance Agreement with the Instituto Mexicano del Petróleo (IMP) for the provision of its GeoTeric software and associated Geological Expression Consulting Services to be delivered as part of the Sener-Conacyt Shale Gas/Oil Project in Mexico. The Shale...

Ziebel AS, a Stavanger-based provider of specialist well intervention services for the oil and gas industry, announced that it has reached an agreement with ConocoPhillips to provide distributed fiber optic (DFO) intervention services in the continental United States. Ziebel will offer its DFO intervention services beginning...

Wireless Seismic, Inc., the leading innovator of real-time and cable-free seismic data acquisition systems for the oil and gas industry, announced today the purchase of its RT System 2 seismic data acquisition system by Geopartner Sp. z o.o. Based in Krakow, Poland, Geopartner is a leading provider of non-seismic geophysical...

ARKeX recently launched their XField plug-in for the Petrel E&P Software Platform. XField was developed to enable seismic interpreters to use gravity and magnetic data without requiring specialized training. The software is fully certified and integrated into Petrel, providing users with an improved geological understanding...

Energy Ventures has announced the hire of its newest investment director, Matt Anstead. In his role, Matt will provide strategic input to the firm’s current portfolio in addition to supporting the execution of new investment opportunities on behalf of Energy Ventures. “We are thrilled to...

Energy Ventures, an independent private equity firm dedicated to funding high-growth upstream oil and gas technology companies, announced today that it has added Saad Bargach and Desmond Kong as Operating Partners to its global network. As part of the program, Saad and Desmond will advise...

Following the release of its newest ceramic proppant, OxThor, Oxane Materials was featured in a Rigzone article highlighting how growing operator interest in the deep-water Gulf of Mexico has ignited a need for advanced proppants that can enhance production in high pressure, high temperature wells. Click here...

ProSep, the Houston headquartered oil, gas and water process separation specialist has been awarded the contract with Shell Canada for a comprehensive oil treatment solution consisting of the design and packaging of 12 large oil treatment vessels. The equipment, which will be designed and partly...

Energy Ventures Houston office President and Partner, Jim Sledzik, will be a panelist on an OTC special session this Wednesday, May 7th. The session, entitled “Funding New E&P Technologies” will be held at 2:30 PM in Room 306. A brief overview of the session is...

Deep Casing Tools has already exceeded the manufacturing output of 2013 within the first quarter of this year. Deep Casing Tools provides a range of innovative tools designed to land casing and completions at target depth within oil or gas wells. More than 70 tools...

ARKeX has recommenced acquiring a Multi-Client Full Tensor Gravity Gradiometry (FTG) survey within the South Eastern Barents Sea. The survey, started last year but postponed due to weather, will cover 42,784 Sq. km over the proposed NPD licencing areas. The principal aim of the marine...

As we close the first quarter of 2014, there has been a lot of activity in and around Energy Ventures. We proudly announced the sale of Cubility at the start of April, marking our sixteenth exit since inception. Alongside this proud milestone, we completed a...

ffA opens two new regional offices in Kuala Lumpur and Perth and appoints Jan Grimnes as Chairman of the Board. In support of ffA’s rapid growth and expansion it has opened two further regional offices. These are in Kuala Lumpur, Malaysia and in Perth, Australia. ...

Energy Ventures has co-invested alongside Epi-V in oil & gas production enhancement specialists Dynamic Well Cyclone (DWC). The funding will support the development and commercialization of DWC’s innovative desander system technology in addition to aiding the company’s international expansion. This transaction marks Energy Ventures’ 38th investment...

ARKeX announced today that it had been awarded a contract by BG Group to undertake a Full Tensor Gravity Gradiometry (FTG) survey over BG’s offshore Honduras acreage. The airborne survey encompasses all of BG’s recently awarded block (approx. 35,000 km2). There has been little exploration...

Oxane Materials, a Houston-based marketer and manufacturer of Advanced Ceramic Proppant®, today announced OxThor™, a highly conductive, stronger, lighter proppant focused on high value, technologically-demanding Deepwater applications. Reservoir quantities of OxThor™ are expected to be produced in 2014. Conversations regarding field trials are underway with multiple Gulf of...

Digital rock physics company Ingrain will be at the 2014 AAPG ACE event in Houston, TX. Joel Walls will be presenting a technical paper entitled.”Comparison of Reservoir Quality from La Luna, Gacheta and Eagle Ford Shale Formations”. Click here to view an abstract of the presentation. It...

Funds advised by Triton (“Triton”) have entered into an agreement to acquire Cubility AS (“Cubility”), a Norwegian oil services company with unique technology to meet the needs of the next generation of drilling operations, from Energy Ventures for an undisclosed sum. The Sandnes-based company is...

ffA has announced the release of GeoTeric 2014.1, another major step in the evolution of its GeoTeric® suite. With the 2014.1 release, GeoTeric workflows are even more holistic and better integrated allowing interpreters to complete more of their work inside GeoTeric. In all, since the...

DeepFlex will be an exhibitor at the upcoming 2014 Offshore Technology Conference Asia. The conference takes place March 25-28 and will be held in Kuala Lumpur, Malaysia. DeepFlex will be located in Hall 7.

In an effort to continue to expand in the rapidly growing oil and gas market in Brasil, Ingrain recently launched a Portuguese version of their corporate website. The main focus of the new site is to provide Portuguese speaking users with ready information on the...

Oxane Materials was recently featured in a Houston Business Journal article entitled “Houston energy tech companies secure new expansion funds”. Oxane’s President Chris Coker is quoted in the article that discusses the success of the company’s latest fundraising round. Click here to read more.

Cubility has been featured in a Rigzone.com article entitled “MudCube Offers Breakthrough in Drilling Fluids Technology”. The article discusses Cubility’s advanced shaker technology, the MudCube, a system for treating drilling fluids that meets more stringent health, safety, environmental and requirements. To read the full article, click...

ARKeX has announced today that it has appointed Jim White as President. Jim is a seasoned professional within the geophysics industry having previously worked in senior positions at WesternGeco, Trace Energy Services, Geokinetics, FT Seismic Support and most recently as President at Discovery Acquisition Services...

Abrado Wellbore Services will be exhibiting at the upcoming IADC/SPE Drilling Conference & Exhibition, taking place March 4-6 in Fort Worth, TX. The company will be showcasing a number of products, including their Mud Watcher® product. Where: Booth #908 Location: Fort Worth Convention Center

Oxane Materials, a Houston-based marketer and manufacturer of Advanced Ceramic Proppant™, today announced the addition of Clay Border as Vice President of Sales. In his role, Border will lead Oxane’s sales team with a sharp focus on their customer’s performance and return utilizing Oxane’s Advanced...

Meta, the premium downhole isolation company offering complete integrity across the life of the well, has successfully completed three contracts for a major Norwegian North Sea operator with its Meta Casing Reconnect™. Following the success of the first project, which saw production triple for...

Deep Casing Tools, which has a range of innovative tools designed to land casing and completions at target depth within oil or gas wells, has set a new world record in Saudi Arabia for the longest tool run. The turbine powered reaming capability of the...

The Herald Scotland recently featured a business report on Zilift highlighting the company’s proprietary artificial lift technology and support from Scottish Enterprise. Click here to read the full profile.

Oxane Materials, a Houston-based marketer and manufacturer of Advanced Ceramic Proppant™, has named Dr. Stephen Holditch its Chairman of the Board of Directors. In his role, Dr. Holditch will play a critical role in the growth, strategic direction and operations of Oxane. “Dr. Holditch’s name...

Houston headquartered oil, gas and water treatment specialist, PWA-ProSep has secured contracts worth $10.5million this year for technologies to be delivered to clients operating in Africa, Norway, Malaysia, South America and the USA. The company, which offers a life-cycle portfolio of patented solutions to...

READ Cased Hole, the North Sea well integrity logging specialist, has appointed Roy Martin as CEO as he spearheads an ambitious growth plan which will take the company’s specialist services and technical innovations to a wider global network. With more than 30 years of industry...

Ziebel, a Stavanger-based provider of specialist well intervention services to the oil and gas industry, announced today that it has closed a round of growth capital raising US$ 10 million. The funding was secured from lead investor ConocoPhillips Technology Ventures, along with Chevron Technology...

Mike Jones, Operations Manager for Meta in Aberdeen, will be presenting a technical paper at the upcoming International Petroleum Technical Conference, taking place January 19-22 in Doha, Qatar. The paper is entitled “Clad Through Clad: A Mechanical Water Shut-Off Solution for Commingled Production From...

PWA-ProSep announced it was awarded a contract for the supply of one of its patented ProSalt™ units, valued at $352,000 to a major National Oil Company in the Arab Gulf region. The 20″ ProSalt wash water injection and mixing valve will be installed at an onshore...

Deep Casing Tools, which has a range of innovative tools designed to land casing and completions at target depth within oil or gas wells, has achieved significant sales growth success in western Canada during 2013. The 7” Turbocaser™ Express series tools (“TCE700”) have enabled casing...

Wireless Seismic’s Doug Crice recently contributed an article to the January edition of the European Association of Geoscientists and Engineers’ (EAGE) publication First Break. Entitled “A cable-free land seismic system that acquires data in real time”, the article explains details of a cable-free seismic acquisition system...